Tuesday, January 02, 2018 10:15 PM ET
Delta Air Lines (DAL) sees Significant Insider Selling Continuing
There was a notable insider sale of Delta Air Lines shares today, as indicated in a filing with the SEC as — Edward H Bastian, Director and Officer — sold 25,000 shares in the company having a market value of approximately $1,411,625 There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 58,384 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 83,384 shares and have averaged 16,677 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Delta Air Lines is higher than the 28-company peer group average. Airlines peer group saw 19 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Delta Air Lines insiders was also higher. Within the peer group there were 1,000 shares purchased and 193,525 shares sold with company insiders selling 10,133 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in creating and writing this story.
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